Brainware Distiller Selected by Global Pharmaceuticals Company for Invoice Processing

Intelligent Data Capture Chosen for Optimal Visibility and Platform Versatility

October 27, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that a major biopharmaceuticals company headquartered in the U.S. has selected Brainware Distiller™ for invoice processing as well as the Brainware Distiller Visibility™ module for real-time metrics and reporting on the invoice processing cycle. By providing increased control over the accounts payable process, as well as a sustainable, versatile improvement to established internal processes, Distiller offered an attractive alternative to outsourcing A/P responsibilities to an offshore business process outsourcer (BPO).

Having experienced considerable growth through multiple acquisitions in recent years, this company was tasked with consolidating numerous legacy systems into a single ERP platform, and required a data extraction solution that could adapt and scale to these applications, as well as future additions to the corporate portfolio. Additionally, the increasing invoice backlogs had prevented the organization from capitalizing on early payment discounts, and limited visibility into the process made duplicate payments an ongoing concern.

This contract demonstrates Distiller’s proposition as a driver of value and new opportunities for organizations seeking to create efficiency and maximize their ability to direct resources towards innovative research. In this case, minimizing the cost of processing an invoice, claiming early payment discounts and reducing time- and labor-depleting process errors translates to increased funding for the development and proliferation of treatments for infectious and potentially lethal ailments.

“In choosing Distiller, businesses across a number of industries are declaring that creating efficiency—transforming slow, manual processes into lean, accurate and increasingly touchless ones—is a priority, and a proven vehicle for driving profit and opportunity throughout the operation,” said Carl Mergele, Chief Executive Officer at Brainware. “Furthermore, intelligent data capture allows large companies to maintain control and visibility into their A/P operations rather than take on the risks and the hidden costs of outsourcing operations to a third party.”